J. Michael-Patrick will begin operating under the name
Wunderlich Securities, forming its Institutional Research
and Trading Division, the companies said. Terms of the deal
were not disclosed.

The acquisition is in line with Wunderlich’s expansion
plans, officials said. The group can now offer
institutional clients research and trading capabilities and
plans to hire additional equity analysts, traders, sales
professionals, and retail investment representatives.

Wunderlich Securities’ Institutional Equity and Trading
operations will be based in St. Louis.